A big red chile will drop at midnight in Nob Hill this New Year's Eve.

A big red chile will drop at midnight in Nob Hill this New Year's Eve.

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Updated: 6:34 PM MST Dec 31, 2015

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WEBVTT EVENT AND IT'S OFFICIAL NAME. REPORTER: WHAT'S IN A NAME? I THOUGHT THIS IS NEW MEXICO, WHY NOT DO A CHILE DROP? REPORTER: IF YOU ASK NAM TRAN A LOT. I WANTED TO PROTECT IT FOR THIS FOUNDATION I'M TRYING TO DEVELOP. REPORTER: HE SHOWED US THIS PAPER, STATING HE OWNS THE FEDERAL TRADEMARK FOR, IT'S FIVE MARKS. IT'S NEW YEAR'S EVE CHILE DROP. REPORTER: TRAN SAYS HE SPENT ABOUT A-THOUSAND DOLLARS SECURING IT. BUT HE'S NOT KEEPING IT FOR HIMSELF. HE'S ALLOWING PEOPLE AND GROUPS TO LICENSE THE TITLE FROM HIM, AND HE PLANS TO USE THE MONEY TO START A FOUNDATION THAT WILL TEACH KIDS LIFE AND TRADE SKILLS. MY HOPE IS TO BUILD EDUCATION FACILITIES WHERE THERE'S A GREENHOUSE, A SCIENCE FACILITY AND ART FACILITY FOR EVERY SCHOOL. REPORTER: BUT IT SEEMS SOME NEW MEXICO CITIES DIDN'T KNOW ABOUT TRAN'S TRADEMARK. LAS CRUCES, FOR EXAMPLE, AND WHEN HE TOLD THEM, LEADERS THERE HAD TO MAKE SOME ADJUSTMENTS. HE CHANGED IT TO THE LAS CRUCES CHILE DROP. TONIGHT HIS RED CHILE DROP IS SET TO RING IN THE NEW YEAR IN NOB HILL. I THINK IT'S GOING TO BE REALLY COOL, BECAUSE IT'S 3-D AND HOW OFTEN TO YOU GET TO SEE A 15 FT. CHILE LIGHT UP? REPORTER: THE CHILE HAS GONE THROUGH SOME TRANFORMATIONS OVER THE YEARS. THIS YEAR IT'S LONGER AND LIGHTER. I HAVE SOME LED LIGHTS IN IT AND CHRISTMAS LIGHTS AND I JUST WRAPPED IT IN THE RED CELLOPHANE AND THE GREEN CELLOPHANE TO REALLY ILLUMINATE IT MORE . REPORTER: IT'LL LIKELY BE BE A VERY NEW MEXICAN PARTY WITH THE FEDERAL PAPERWORK TO BACK IT UP. IN ALBUQUERQUE ROYALE DA, KOAT,

'New Year's Eve Chile Drop' Trademark

A big red chile will drop at midnight in Nob Hill this New Year's Eve.